This RSA section is an unofficial mirror, is not legal advice, and may be incomplete, outdated, or incorrectly processed.

RSA 6-A:10 · Refunding Bonds

Title: I: THE STATE AND ITS GOVERNMENT
Chapter: 6-A · STATE BONDS
Status: current
Official source linked: Yes

Official source Copy section link

6-A:10 Refunding Bonds. – The governor and council may authorize the issuance of refunding bonds in order to pay, at maturity or upon earlier redemption or acceleration, all or part of any issue of bonds then outstanding that were issued by the state or with a direct state guarantee; provided, however, that unless the governor and council specifically provide otherwise no such bonds shall be issued unless the treasurer determines that the present value, discounted at such rate as the treasurer deems appropriate, of the principal and interest payments on the refunding bonds is less than the present value, discounted at the same rate, of the principal and interest payments on the bonds to be refunded. The proceeds of such refunding bonds may be used to pay the principal of the refunded bonds, any redemption premium thereon, all or part of the interest coming due on or prior to the date or dates on which the refunded bonds are paid, and the costs of issuing and marketing the refunding bonds. The issue of refunding bonds shall be subject to the same requirements and provisions of law as would then be applicable to the issue of the bonds being refunded, except as provided in this section. The proceeds of refunding bonds, exclusive of any amounts used to pay costs of issuing and marketing the refunding bonds, shall be held in a separate fund and in trust until they are applied to pay bonds. While such proceeds are held in trust they may be invested in accordance with RSA 6:7 and RSA 6:8 and the income derived from such investment may be expended by the treasurer to pay the principal of, redemption premium if any, and interest on the refunded bonds until they are paid. Source. 1981, 98:3. 1987, 54:2. 1996, 257:6, eff. June 10, 1996.

Copy link

Source note

Source. 1981, 98:3. 1987, 54:2. 1996, 257:6, eff. June 10, 1996.

Source history

1981, 98:3
1987, 54:2
1996, 257:6, eff. June 10, 1996

Related materials

Bill relationships

2026 HB1714 amend
the Senate and House of Representatives in General Court convened: 1 New Section; The State and Its Government; State Bonds; Bonds Issued for School Education Funding. Amend RSA 6-A by inserting after section 14 the following new section: 6-A:15 Bonds Issued for School Education Funding. I. Notwithstanding any provision of law to the contrary, the state treasurer shall issue bonds to fund p
2026 HB1714-FN amend
the Senate and House of Representatives in General Court convened: 1 New Section; The State and Its Government; State Bonds; Bonds Issued for School Education Funding. Amend RSA 6-A by inserting after section 14 the following new section: 6-A:15 Bonds Issued for School Education Funding. I. Notwithstanding any provision of law to the contrary, the state treasurer shall issue bonds to fund p
2026 HB186 reference
to the fund. All moneys in the fund shall be nonlapsing and shall be continually appropriated to the commissioner of the department of health and human services for the purposes and in the manner set forth in RSA 126-A:106. 7 Controlled Drug Act; Definitions. Amend the introductory paragraph in RSA 318-B:1, X-a(k) to read as follows: (k) Objects used or intended for use or customarily intended for use in ingesting, inhaling, or
2026 HB186-FN-A related
ion and regulation for adult use. All data in the report shall be non-identifiable and respectful of personal privacy. This report may be combined with the report required under RSA 126-A:106, VI, relative to the substance misuse prevention, treatment, and recovery fund authorized under RSA 318-F:27. II. No later than 6 months after the effective date of this chapter, and again 18 months after the effectiv
2025 HB2 reference
authorized to borrow on the credit of the state not exceeding the sum of $15,600,000 and for said purpose may issue bonds and notes in the name of and on behalf of the state of New Hampshire in accordance with RSA 6-A. The payment of principal and interest on the bonds and notes under this paragraph shall be a direct charge against the rents paid by state agencies including the office of professional licensure and certifica
2025 HB25 reference
thorized to borrow upon the credit of the state not exceeding the sum of $825,895.97 and for said purpose may issue bonds and notes in the name of and on behalf of the state of New Hampshire in accordance with RSA 6-A. Payments of principal and interest on the bonds and notes shall be made from the general fund of the state. IV. All contracts and projects and plans and specifications therefor for the projects authorized in